Maybe all those people who are struggling to make their mortgage payments will get a giant $600 stimulus check to help them out. (actual paraphrased words from the former president Bush, man that sounds good, former president Bush)

This is a very general statement and probably not helpful to the micromanage rally topic, but I think as long as Obama doesn't totally f something up or piss someone off, were going up from here over the next year, a few months in, as long as there is some positive news and not worse news then the cobwebs will clear.

If the stock price is his report card...George Bush gets an F-

But if protecting us from another 9-11 is his report card he gets a A+ and dont you forget that!!!

How often is the United States hit with a major terroristic attack? Before 9/11, when was the last attack?

I used to think the same as you did. I voted for Bush the first time because I was a republican, but the second time because I was an American. He was protecting us, or so I thought. Then I really sat down and thought about it: Did he really protect us? Or was it law of averages saying that the US only gets hit about every 10-15 years?

Billhart's hosed economy comment definately rings true. Regardless if Osama every is able to come out of a cave or attack the US again, he has won. Have you flown recently? Security is rediculously over done. The average plane ride in the US is right around 2 hours. That is also the average amount of time to get through security at any large airport. Our borders still have holes big enough to drive trucks through (quite literally, mind you. I used to live on the border and people would drive across the river in some places during low tide) and our ports of entry are about as safe as the local slum.

It is all about perception. If you feel safe, then you are safe. If you are told that you are safer, then you feel safer. If you are told that the economy is crashing all around you, then you will horde money, regardless of if you have been impacted by a single penny or not. If you don't know that the guy who just made your hamburger just took a giant dump and didn't wash his hands, you will think that it was the best tasting burger you have ever eaten. It is all about perception.

Well we will open down tuesday a.m. retest the 1490 level early in a.m. as euro bank crashed today.. If we hold buy if not we retset 1450 in nasdaq.. right now we are at a cross roads this week , nothing but earnings this week and all will be bad aapl,goog,msft,ibm will be out .. im bearish this week untill we get clear cut details on tarp I say we trent flat to down.. this week. but I have been wrong before not often but it happens.

and

WAR MY STEELERS WINNING SUPERBOWL 43 !! TICKETS ARE 1850 IN TAMPA SO I NEED TO MAKE SOME MONEY DAMM IT !! LOL

Well we will open down tuesday a.m. retest the 1490 level early in a.m. as euro bank crashed today.. If we hold buy if not we retset 1450 in nasdaq.. right now we are at a cross roads this week , nothing but earnings this week and all will be bad aapl,goog,msft,ibm will be out .. im bearish this week untill we get clear cut details on tarp I say we trent flat to down.. this week. but I have been wrong before not often but it happens.

and

WAR MY STEELERS WINNING SUPERBOWL 43 !! TICKETS ARE 1850 IN TAMPA SO I NEED TO MAKE SOME MONEY DAMM IT !! LOL

Good call. It is bad report card week and this round of earnings reports I do not believe has been factored in.

There is nothing to argue about with what you have to say.

You have all good points and reasoning. I see it like you do.

Last edited by billhart22; 01-19-2009 at 11:20 PM.
Reason: I have really crappy grammer

We are rallying now, LOL!

My portfolio is a vampire's dream this morning....lots of blood!

1463 and 8100 challenged all morning.

There is just too much bad financial news this morning....

Chrysler giving 35% of it's company to Fiat for no cash. Chrysler figures that Fiat can fill their 4X4 market, but as we all know, FIAT makes junk. You have to own two of them so you can repair one of them, kind of like the old Jaguars. Chrysler gives away 35% of the farm after we just gave them 4 billion dollars. If the inauguration wasn't on today, the TV dweebs would be screaming panic.

Banks in U.K. and Asia down

Report cards coming out this week.

I don't think the speech and fairy dust coming out later this morning are going to make a hell of a lot of difference. We have some serious economic woes happening today. I predict a broad-based speech with little specifics.

It will be at least until next week until anything can happen, if at all.

So much for day 1 of the rally

This was the lowest day on the DOW since November 20th.
The Dow closed at 7948 and fell a whopping 332.77 points with a percentage loss of 4.02%

The Nasdaq closed at 1440 -88.47 5.78%

This is day one for Obama. After the speech, pomp and circumstance, the market kept falling. It pretty much held until after his speech.

I don't know about you guys, but I got beat up today. I predicted blood and it was blood that I got, but even bloodier!

SIRI was at .11 half the day, after Obama spoke, then it lost ground to .10 and chump change. He really didn't inspire the market.

Like I predicted, the head and shoulders in the chart prevailed on the Nasdaq. His speech didn't hold the Nasdaq or the DOW up.

I was watching during his speech and people kept on trading and the shorters took over, they got a lot of action on the way down. They had a good day and I am sure that they are surprised. They were worrying about shorting during the rally rise.

So, day 1 - COMPLETE FAILURE for a rally

I will make another prediction later today. Feel free to make yours also! The more the better.